Central Bank of Nigeria, Research Department.
Capital flows, Financial stability, Sub-saharan Africa
The paper shows the two trends in private capital flows to Sub-Saharan Africa to include portfolio and cross-border bank lending. Following a net outflow in 2008-2009 due to the global financial crisis, capital flows have improved strongly. Net private capital flows are estimated by the IMF to exceed the pre-crisis peak of US$21bn in 2008, reaching US$30bn in 2013.
Kalema, Veronica (2013). Managing the downside risk of surging capital flows on financial stability in Sub-Saharan African countries. Economic and Financial Review, 51(4), 129 - 143